TMC the metals company Inc. (TMC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 122.78M | 117.63M | 117.21M | 117.28M | 7.36M | 5.33M | 2.92M | 1.71M | 5.94M | 8.82M | 27.87M | 21.64M | 31.62M | 49.6M | 71.91M | 50.96M | 72.09M | 88.56M | 112.78M | 16.94M |
| Cash & Short-Term Investments | 119.68M | 117.63M | 115.65M | 115.76M | 2.35M | 3.48M | 360K | 474K | 3.99M | 6.84M | 22.55M | 20.01M | 28.39M | 46.84M | 66.87M | 46.26M | 69.05M | 84.87M | 112.64M | 16.88M |
| Cash Only | 119.68M | 117.63M | 115.65M | 115.76M | 2.35M | 3.48M | 360K | 474K | 3.99M | 6.84M | 22.55M | 20.01M | 28.39M | 46.84M | 66.87M | 46.26M | 69.05M | 84.87M | 112.64M | 16.88M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 3.05M | 1.57M | 1.52M | 5.01M | 249K | 2.56M | 1.24M | 1.95M | 467K | 5.33M | 1.64M | 3.23M | 117K | 5.04M | 4.7M | 3.04M | 64K | 139K | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 3.1M | -3.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55.12K |
| Total Non-Current Assets | 62.09M | 1.91M | 58.4M | 56.42M | 57.13M | 57.67M | 58.4M | 58.94M | 59.51M | 60.08M | 59.7M | 53.51M | 53.68M | 45.17M | 45.25M | 45.16M | 44.63M | 44.57M | 44.54M | 44.67M |
| Property, Plant & Equipment | 4.09M | 1.91M | 45.93M | 46.47M | 47M | 6.51M | 48.3M | 48.85M | 49.44M | 50M | 51.18M | 44.87M | 44.9M | 2.02M | 45.25M | 45.16M | 44.63M | 44.57M | 44.54M | 44.67M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 2.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 2.08M | 2.04M | 1.96M | 1.93M | 1.87M | 1.79M | 1.72M | 1.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 15.05M | 13.45M | 10.39M | 7.91M | 8.17M | 8.2M | 8.23M | 8.29M | 8.35M | 8.43M | 8.53M | 8.64M | 8.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 42.95M | -15.57M | 0 | 0 | 0 | 41.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43.15M | 0 | 0 | 0 | -1K | 0 | 0 |
| Total Assets | 184.87M | 181.63M | 175.62M | 173.69M | 64.48M | 63M | 61.31M | 60.65M | 65.45M | 68.9M | 87.57M | 75.16M | 85.3M | 94.78M | 117.16M | 96.12M | 116.72M | 133.13M | 157.32M | 61.6M |
| Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Asset Growth % | 186.69% | 188.31% | 186.43% | 186.4% | -1.48% | -8.56% | -29.99% | -19.31% | -23.26% | -27.31% | -25.25% | -21.81% | -26.92% | -28.81% | -25.53% | 56.03% | 67.44% | 143.44% | -47.91% | -79.64% |
| Total Current Liabilities | 56.55M | 59.4M | 46.83M | 49.58M | 55.22M | 54.53M | 57.24M | 43.66M | 36.47M | 31.33M | 19.34M | 18.11M | 17.54M | 41.61M | 25.19M | 9.19M | 18M | 26.57M | 28.34M | 9.03M |
| Accounts Payable | 0 | 46.05M | 3.77M | 4.21M | 2.56M | 42.75M | 0 | 37.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 26.57M | 0 | 9.03M |
| Days Payables Outstanding | - | 29.01K | - | - | - | 47.97K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 2.48M | 9.98M | 11.78M | 9.18M | 5.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 56.55M | 13.35M | 0 | 0 | 0 | 0 | 48.06M | 0 | 36.47M | 31.33M | 19.34M | 18.11M | 17.54M | 41.61M | 25.19M | 9.19M | 0 | 0 | 28.34M | 0 |
| Current Ratio | 2.17x | 1.98x | 2.50x | 2.37x | 0.13x | 0.10x | 0.05x | 0.04x | 0.16x | 0.28x | 1.44x | 1.19x | 1.80x | 1.19x | 2.85x | 5.55x | 4.00x | 3.33x | 3.98x | 1.87x |
| Quick Ratio | 2.17x | 1.98x | 2.50x | 2.37x | 0.13x | 0.10x | 0.05x | 0.04x | 0.16x | 0.28x | 1.44x | 1.19x | 1.80x | 1.19x | 2.85x | 5.55x | 4.00x | 3.33x | 3.98x | 1.87x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 155.68M | 155.68M | 169.41M | 42.26M | 26.03M | 25.59M | 25.54M | 26.59M | 27.18M | 26.64M | 12.87M | 12.99M | 12.2M | 11.66M | 12.91M | 13.26M | 18.99M | 13.8M | 22.3M | 36.84M |
| Long-Term Debt | 145M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.16M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 10.68M | 0 |
| Other Non-Current Liabilities | 0 | 145M | 158.73M | 31.58M | 15.35M | 14.91M | 14.87M | 15.92M | 16.5M | 15.97M | 2.2M | 2.31M | 1.53M | 983K | 2.23M | 2.58M | 8.31M | 3.13M | 11.62M | 10.68M |
| Total Liabilities | 212.22M | 215.07M | 216.24M | 91.83M | 81.25M | 80.12M | 82.78M | 70.25M | 63.65M | 57.98M | 32.22M | 31.1M | 29.75M | 53.27M | 38.1M | 22.45M | 36.99M | 40.37M | 50.64M | 45.87M |
| Total Debt | 145M | 0 | 0 | 2.48M | 9.98M | 11.78M | 9.18M | 5.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.16M |
| Net Debt | 25.32M | -117.63M | -115.65M | -113.28M | 7.63M | 8.29M | 8.81M | 5.4M | -3.99M | -6.84M | -22.55M | -20.01M | -28.39M | -46.84M | -66.87M | -46.26M | -69.05M | -84.87M | -112.64M | 9.28M |
| Debt / Equity | - | - | - | 0.03x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.66x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.42x | - | - | -4.31x | -0.31x | - | - |
| Interest Coverage | -51.10x | -58.38x | -269.77x | -88.24x | -1029.84x | -12.08x | -32.37x | -39.99x | -91.97x | -186.17x | -48.47x | -55.43x | -509.19x | - | - | - | -3.05x | - | -108.72x | -65.00x |
| Total Equity | -27.35M | -33.44M | -40.62M | 81.86M | -16.77M | -17.12M | -21.47M | -9.61M | 1.81M | 10.92M | 55.36M | 44.05M | 55.55M | 41.51M | 79.06M | 73.67M | 79.72M | 92.75M | 106.67M | 15.73M |
| Equity Growth % | -63.12% | -95.37% | -89.22% | 952.09% | -1026.3% | -256.79% | -138.78% | -121.81% | -96.74% | -73.69% | -29.98% | -40.2% | -30.32% | -55.25% | -25.89% | 368.31% | 211.04% | 155.84% | -63.29% | -94.61% |
| Book Value per Share | -0.08 | -0.09 | -0.13 | 0.22 | -0.05 | -0.05 | -0.07 | -0.03 | 0.01 | 0.04 | 0.19 | 0.16 | 0.18 | 0.16 | 0.33 | 0.32 | 0.35 | 0.41 | 0.52 | 0.08 |
| Total Shareholders' Equity | -27.35M | -33.44M | -40.62M | 81.86M | -16.77M | -17.12M | -21.47M | -9.61M | 1.81M | 10.92M | 55.36M | 44.05M | 55.55M | 41.51M | 79.06M | 73.67M | 79.72M | 92.75M | 106.67M | 15.73M |
| Common Stock | 705.29M | 681.34M | 638.85M | 606.25M | 495.8M | 477.22M | 463.37M | 460.57M | 454.43M | 438.24M | 434.1M | 345.77M | 345.09M | 332.88M | 328.91M | 299.06M | 298.26M | 296.05M | 284.23M | 188.9M |
| Retained Earnings | -971.88M | -951.28M | -910.88M | -726.36M | -652.02M | -631.43M | -614.78M | -594.26M | -574.1M | -548.9M | -501.69M | -489.23M | -475.12M | -475.12M | -365.55M | -337.66M | -325.27M | -304.16M | -284.36M | -246.57M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.2M | -1.2M | -1.2M | -1.2M | -1.2M | -1.2M | -1.2M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M | -1.22M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |